The Baltic index, which reflects rates for capesize, panamax and
supramax vessels, was down by 44 points, or 3.4%, to 1,260.

The capesize index dropped 108 points, or 4.3%, to 2,435 points.
Average daily earnings for capesizes, which typically transport
170,000-180,000 tonne cargoes such as iron ore and coal, fell by
$1,208 to $18,606.

The panamax index rose 11 points, or 1%, to 1,127 points, its
biggest percentage gain since Oct. 10. Average daily earnings for
panamaxes, which usually carry coal or grain cargoes of about
60,000 tonnes to 70,000 tonnes, inched up by $89 to $9,051.